Barclays Africa ordered to repay $A113m

Public Protector Busisiwe Mkhwebane in January reopened a probe of Absa, a unit of Barclays Africa, following a wider report published last November by her predecessor.

She said on Monday the probe had found the apartheid government breached the constitution by supplying Bankorp, which was acquired by Absa in 1992, with a series of bailouts from 1985 to 1995.

Absa said in a statement it had not received a copy of the report and denied any wrongdoing, saying it "met all its obligations in respect of the loan provided by the South African Reserve Bank by October 1995".

"Once we have read it we will consider our legal options including seeking a High Court review.

"It is our firm position that there is no obligation to pay anything to the South African government," Absa said.

Shares in Barclays Africa fell 2.61 per cent to 142.68 rand by early afternoon local time.